1,750,406 Shares in NiSource, Inc $NI Purchased by Ontario Teachers Pension Plan Board

Ontario Teachers Pension Plan Board bought a new position in shares of NiSource, Inc (NYSE:NI) during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 1,750,406 shares of the utilities provider’s stock, valued at approximately $83,232,000. NiSource makes up 0.5% of Ontario Teachers Pension Plan Board’s holdings, making the stock its 26th biggest position. Ontario Teachers Pension Plan Board owned 0.37% of NiSource as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in NI. Meeder Advisory Services Inc. acquired a new position in shares of NiSource in the 2nd quarter valued at $1,988,000. Harborfront Financial Group LLC acquired a new position in shares of NiSource during the second quarter worth about $41,000. Citizens Financial Group Inc. RI acquired a new position in NiSource during the 2nd quarter worth approximately $204,000. BlackRock Inc. purchased a new position in NiSource in the second quarter worth $2,613,234,000. Finally, Deutsche Bank AG purchased a new position in shares of NiSource in the 2nd quarter valued at about $574,295,000. 91.64% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other NiSource news, EVP Melody Birmingham sold 37,509 shares of the company’s stock in a transaction that occurred on Friday, August 14th. The stock was sold at an average price of $42.40, for a total transaction of $1,590,381.60. Following the completion of the sale, the executive vice president owned 78,527 shares of the company’s stock, valued at $3,329,544.80. This represents a 32.33% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Melanie B. Berman sold 15,000 shares of the company’s stock in a transaction dated Friday, May 22nd. The shares were sold at an average price of $47.68, for a total transaction of $715,200.00. Following the sale, the executive vice president owned 35,990 shares of the company’s stock, valued at $1,716,003.20. This trade represents a 29.42% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 0.37% of the stock is owned by company insiders.

NiSource Trading Down 0.5%

Shares of NI stock opened at $42.15 on Wednesday. The stock has a fifty day moving average of $45.79 and a two-hundred day moving average of $46.33. The firm has a market capitalization of $20.21 billion, a PE ratio of 22.42, a price-to-earnings-growth ratio of 3.16 and a beta of 0.55. NiSource, Inc has a 1 year low of $38.45 and a 1 year high of $49.21. The company has a debt-to-equity ratio of 1.31, a quick ratio of 0.41 and a current ratio of 0.50.

NiSource (NYSE:NI) last issued its earnings results on Wednesday, August 5th. The utilities provider reported $0.16 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.16. The firm had revenue of $1.34 billion during the quarter, compared to analysts’ expectations of $1.15 billion. NiSource had a net margin of 13.20% and a return on equity of 7.95%. During the same period last year, the firm posted $0.22 earnings per share. NiSource has set its FY 2026 guidance at 2.020-2.070 EPS. As a group, research analysts expect that NiSource, Inc will post 2.05 EPS for the current year.

NiSource Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 20th. Stockholders of record on Friday, October 30th will be issued a dividend of $0.30 per share. The ex-dividend date is Friday, October 30th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.8%. NiSource’s dividend payout ratio (DPR) is currently 63.83%.

Analysts Set New Price Targets

NI has been the topic of a number of research reports. Wells Fargo & Company increased their price objective on shares of NiSource from $51.00 to $52.00 and gave the company an “overweight” rating in a research note on Thursday, May 7th. Royal Bank Of Canada initiated coverage on shares of NiSource in a report on Wednesday, July 1st. They set an “outperform” rating and a $52.00 price objective on the stock. LADENBURG THALM/SH SH lowered their price target on NiSource from $51.50 to $51.00 and set a “buy” rating for the company in a research report on Monday. Evercore set a $52.00 price objective on shares of NiSource in a research report on Monday, May 11th. Finally, BMO Capital Markets dropped their target price on NiSource from $51.00 to $49.00 and set an “outperform” rating on the stock in a report on Friday, July 17th. Ten investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $49.82.

About NiSource

NiSource, Inc (NYSE: NI) is a publicly traded energy holding company headquartered in Merrillville, Indiana, that primarily owns and operates regulated local gas and electric utilities in the United States. Through its operating subsidiaries, the company delivers natural gas and electricity to residential, commercial and industrial customers and provides the associated distribution and transmission services that keep local energy systems functioning.

The company’s core activities include natural gas distribution, electric transmission and distribution, system operations, maintenance and emergency response.